Dupont Fabros Technology Inc. (NYSE:DFT) Receives $45.94 Consensus PT from Brokerages
Dupont Fabros Technology Inc. (NYSE:DFT) has received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the company. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $45.94.
A number of research firms have recently commented on DFT. Zacks Investment Research raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Monday, July 4th. SunTrust Banks Inc. began coverage on shares of Dupont Fabros Technology in a research note on Thursday, July 21st. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Dupont Fabros Technology in a research note on Wednesday, July 6th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its position in Dupont Fabros Technology by 3.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 37,160 shares of the real estate investment trust’s stock valued at $1,181,000 after buying an additional 1,200 shares during the last quarter. Aperio Group LLC increased its position in Dupont Fabros Technology by 25.2% in the first quarter. Aperio Group LLC now owns 8,830 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 1,777 shares during the last quarter. Nisa Investment Advisors L.L.C. acquired a new position in Dupont Fabros Technology during the first quarter valued at $792,000. Virginia Retirement System acquired a new position in Dupont Fabros Technology during the first quarter valued at $1,427,000. Finally, CIBC World Markets Inc. acquired a new position in Dupont Fabros Technology during the first quarter valued at $257,000. Hedge funds and other institutional investors own 98.13% of the company’s stock.
Dupont Fabros Technology (NYSE:DFT) opened at 40.45 on Thursday. Dupont Fabros Technology has a 52-week low of $26.94 and a 52-week high of $48.97. The company has a 50-day moving average of $43.28 and a 200-day moving average of $43.79. The company has a market cap of $3.04 billion, a P/E ratio of 10112.50 and a beta of 0.60.
Dupont Fabros Technology (NYSE:DFT) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.01. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. The business had revenue of $128.54 million for the quarter, compared to the consensus estimate of $127.15 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that Dupont Fabros Technology will post $2.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, October 7th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.88 annualized dividend and a yield of 4.65%. Dupont Fabros Technology’s payout ratio is -2,349.71%.
About Dupont Fabros Technology
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company is a self-administered and self-managed company that owns, acquires, develops and operates wholesale data centers. The Company’s customers outsource their applications, and include national and international enterprises across various industries, such as technology, Internet content providers, media, communications, cloud providers, healthcare and financial services.
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